Posted on 11/24/2022 6:21:19 AM PST by Oldeconomybuyer
Interesting, thanks for the details and ping.
Great stuff, and thanks for posting the link. This story just gets better by the minute.
Don’t the regulators have many automated alarms looking for such anomalous data and transactions? It must have been screaming.
Harvard lawyers know how to launder money.
Martha Vineyard’s Jamaican Gardener should have pulled his heist there.
With all this coming out and SBF and his troll of a gf are still walking around Free as a bird
“That’s said, the regulators HAD to see what was happening, AND allowed it. “
Because today the law is not what is written and binding but whatever the voice from the ether says it is today and is endlessly fluid.
Either we the people crack the whip or we get on our knees. It’s that simple.
...until he is not walking around any more.
The town of Farmington has just 146 residents, and is so small that Google Street View doesn’t cover the whole town.
For a decade, Farmington’s bank held around $10 million in deposits. In the third quarter this year, deposits jumped to $84 million – 85% of which came from just four accounts, according to FDIC data cited by the Times.
Online, the bank now appears as “Moonstone Bank,” a name which was trademarked a few days before FTX’s investment. Moonstone doesn’t mention cryptocurrency, but does say it wants to “support the evolution of next generation finance.”
Questions are being asked over how FTX got federal approval to buy its stake in Farmington. Banking veterans told the New York Times that it was hard to believe regulators would have knowingly allowed the crypto firm to do so.
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smells like mad maxine was in on it?
nothing to see here. move along/s
Here’s where it gets interesting. The bank, which had posted net income routinely with small quarterly losses over the years, started cranking out quarterly losses of $22k, $44k, then losses shot up to $558k, $576k, $1,085k, and finally a whopping $2.6MM loss in the most recent quarter. Meanwhile, there are equity injections commingled with the losses.
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pretty hefty losses.
wonder who was borrowing money that created the losses?
wonder if the losses were in the bank’s securities trading account??
Looks like the drive thru has been obstructed with firewood. Somebody tell Ebb to move that.
The Feds will probe any regular Joe withdrawing more than $600 in cash. They certainly knew these transactions were occurring but their globalist handlers directed them to look the other way.
Wonder how many other small banks are filtering places for dark money?.
“This is outrageous, but Democrats won’t hold him accountable. He part of the elitist cabal in the US.”
He’s not only walking around free, but giving speeches at economic forums attended by various bigshots. They are actually working to try and get this guy off the hook.
“3 staff”
Who are rich, unless they were paid in FTX.
Or potentially broke Federal criminals to be.
This is beyond “lite shady”.
MONEY LAUNDRY??
Democrat vote fraud factories aren’t going to fund themselves...
NAME the THREE EMPLOYEES!!
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